Massachusetts Institute of Technology is one of the foremost premier institutions that focus on creating a better tomorrow through quality education, research, and innovation. Across MIT’s 30 departments spread over 5 schools and one college, the culture of “learning by doing” is dominant.
Why study MBA at this school?
MIT Sloan offers a full-time two-year MBA program that focuses on developing leaders who can change the world for the better. After the first year, applicants may choose their electives and real-world learning experiences. Students can choose from three tracks including,
- Finance
- Entrepreneurship & Innovation
- Enterprise Management
What are the career prospects after graduation?
Over 95% of MBA graduates at MIT Sloan graduated with full-time offers in hand. With a median salary package of USD 150,000, MIT Sloan graduates happen to be one of the highest-paid B-school graduates across the globe.
Since the programme qualifies as a STEM-designated program, international students get to extend their training in the USA by 24 months after graduation. Some of the top industries that graduates from MIT Sloan found employment in include:
- Consulting
- Finance
- Investment management
- Venture capital
- Private Equity
- Media/Entertainment
- Consumer products
- Computers/electronics
The top employers of MIT Sloan MBA graduates of 2021 included:
- McKinsey & Company
- The Boston Consulting Group
- Amazon
- Google
- JP Morgan Chase & Co
- Morgan Stanley
- Rivian
Eligibility
The eligibility criteria for admission to MIT Sloan include:
- Undergraduate or equivalent degree from a recognized university/institution
- Relevant work experience
- Academic transcripts
- GMAT scores/ GRE scores
- IELTS/TOEFL scores
- Letters of recommendation
- Essays
Admission process & Fees
A non-refundable application fee of USD 250 must be paid during the application process. The average tuition fee to pursue MBA at MIT is around USD 80,400 per year. The total amount including housing, transportation, food, books and supplies, and medical insurance may come up to USD 119,995.
The admission process involves three rounds, post which a candidate will be selected or rejected. The interview process is by invitation only. Candidates must ensure that the duly-filled application form is submitted on time for the admission process to begin.
The application consists of the following,
- Cover letter
- Resumé
- Video statement
- Letter of recommendation
- Additional references
- Transcripts
- Test scores (GRE/GMAT)
- Coursework and professional certifications
Scholarship options
MIT Sloan offers fellowships to first and second-year students who pursue MBA. The criteria for obtaining fellowships include,
- Academic excellence
- Professional achievements
- Potential to enhance the MIT Sloan community
A separate application is not required to avail of some fellowships. They will be awarded upon admission to those students who are deemed eligible for the same. Some of the fellowships that MIT Sloan offers to its students include,
- ASEAN Fellowship
- Nath Fellowship
- Samsung Fellowship
- Sloan Veterans Fund
- Exxon Education Foundation Fellowship
There are some fellowships that require students to apply. Some of them are,
- Legatum Fellowship
- Lemann Education Fellowship
- McKinsey Award
- MIT Sloan Social Impact Fellowships